منتدى المحاسبين المصريين - Mastering Debits and Credits

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Mastering Debits and Credits

Understand how debits and credits are related to the accounting equation. Learn the basic process of posting transactions to the general journal and understand the benefits of having a general journal. To help you along at school we have included an extensive list of more than 100 possible account names that a business entity can have in their general ledger. We have indicated what category each account comes under (asset, liability or equity) as well as if debiting or crediting the account will increase the balance. What we would like our users to take away from this is that there is no one particular name an account can have. An account can have many different names, which are essentially the same account. This is available for download in a separate file. You should print this out and refer to it whenever needed

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